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Jan 8, 2013
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down 247, 3% at boeing at 73.70. this plane from the production problems now to the flight usage issues, it feels like a snake bit aircraft. as you say, the public perception is one thing. i wonder if any airlines quietly, quietly are expressing concerns either to you or back channels to boeing about this aircraft. >> yes. they are expressing their concerns. have they picked up the phone since yesterday and picked up the phone and called jim, probably not. i suspect what we're hearing from the airlines and what they are telling boeing is the same thing they have been telling boeing over the last several years. a, are you going to deliver this aircraft on time. b, is it going to meet expectations. if that happens, again, for the most part, most of the airlines flying this aircraft are reporting that it is delivering on the expectations that they had set in advance when they ordered the aircraft. i know that's a little strange. some people will look at this and say, listen, there's all these problems with the dreamline
down 247, 3% at boeing at 73.70. this plane from the production problems now to the flight usage issues, it feels like a snake bit aircraft. as you say, the public perception is one thing. i wonder if any airlines quietly, quietly are expressing concerns either to you or back channels to boeing about this aircraft. >> yes. they are expressing their concerns. have they picked up the phone since yesterday and picked up the phone and called jim, probably not. i suspect what we're hearing...
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Jan 12, 2013
01/13
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. >> reporter: it's boeing's most technologically advanced airplane. but a week of glitches, including a fire, prompted the faa to figure out what is going on with the dreamliner. >> we are confident about the safety of this aircraft. but we're concerned about these incidents and we will conduct the review until we're completely satisfied. >> reporter: in one incident, a japan airlines plane leaked about 40 gallons of fuel on the runway at boston's logan airport. >> we have fire trucks coming to you. >> reporter: a fire started in the belly of another japan airline's plane shortly after it landed at logan, but passengers had already left. there were two other incidents on 787's in japan. a cracked windshield and an oil leak. boeing insists it's not unusual to run into a few growing pains with a new model. >> every new commercial airline has issues. >> reporter: united is the only american carrier currently using the dreamliner. it says it has inspected its fleet. the faa chief has ordered a team of experts to scrutinize how the 787 was assembled and ho
. >> reporter: it's boeing's most technologically advanced airplane. but a week of glitches, including a fire, prompted the faa to figure out what is going on with the dreamliner. >> we are confident about the safety of this aircraft. but we're concerned about these incidents and we will conduct the review until we're completely satisfied. >> reporter: in one incident, a japan airlines plane leaked about 40 gallons of fuel on the runway at boston's logan airport. >> we...
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Jan 12, 2013
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but this is an extremely important turning point for boeing. could be an extremely important turning point, of course, depending how the review turns out and what they find. >> warner: do we know when the review will be done? >> no. the faa has been very careful not to sketch out a time line for it. boeing says it's cooperating with the review and has its experts working on it. i understand from people i talk to that boeing was quite resistant in the beginning to this idea but it remains to be seen what the faa comes up with. to some extent the faa is, indeed, reacting to public pressure and public concerns and so i'm not sure that the faa officials themselves at this point really know what direction they want to head in. they are going to look at the data and that could take i would say several months, at least. >> andy pasztor from the "the wall street journal", thank you. >> thank you. >> brown: this week provided a glimpse of the latest in technology and high-end gadgets at the annual consumer electronics show, which wrapped up today in las
but this is an extremely important turning point for boeing. could be an extremely important turning point, of course, depending how the review turns out and what they find. >> warner: do we know when the review will be done? >> no. the faa has been very careful not to sketch out a time line for it. boeing says it's cooperating with the review and has its experts working on it. i understand from people i talk to that boeing was quite resistant in the beginning to this idea but it...
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Jan 11, 2013
01/13
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still, though, boeing is standing by their product. the chief engineer got on a conference call with members of the media, saying he still believes despite these issues that the jet is 100% safe to flori fly. he flies it and categorizes these problems as growing pains for any new jet. we'll see what the faa has to say later on today. >> uncomfortable growing pains for boeing right now. thank you very much. >>> all right. 46 minutes past the hour. these pictures look like something the mars rover would send back, right? take a look at that. that is down under. a huge red wall of dust towered over the coast of western australia meteorologists say a storm picked up tremendous amounts of sand dust and dust just passed over the land. a cyclone several hundred miles away has been stirring up severe weather in that area. that looks menacing, doesn't it? >> a lot of weather issues down there. >>> closer to home, from 12 inches to rain, to 12 inches of snow, a lot of weather around the country. alexandra steele has more. >> two sides of the coi
still, though, boeing is standing by their product. the chief engineer got on a conference call with members of the media, saying he still believes despite these issues that the jet is 100% safe to flori fly. he flies it and categorizes these problems as growing pains for any new jet. we'll see what the faa has to say later on today. >> uncomfortable growing pains for boeing right now. thank you very much. >>> all right. 46 minutes past the hour. these pictures look like...
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Jan 11, 2013
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this is the first boeing 787 dreamliner aircraft to fly from the bay area. it's run by all nippon airways from japan. this model has been flying for a year. the faa this morning ordered a comprehensive review of critical systems in this particular model after a fire and fuel leak this week, also some reports of cracked windshields. several flights had to be canceled. this is video from boston' logan airport. cbs aviation analyst chesley sullenberger says it's common to be working out kinks. >> no matter how much testing you do there are some things that are inevitably discovered during the real world of operational airline flying. >> reporter: this thing is state-of-the-art and relies more than any other modern airliner on electrical systems to help power the plane. it's also the first boeing plane to use rechargeable lithium ion batteries and made with lightweight materials. the price tag, $207 million. so if all goes well with today's flight, it is set to land tomorrow in japan at 4:10 p.m. live at mineta san jose airport, anne makovec, cbs 5. >>> a centra
this is the first boeing 787 dreamliner aircraft to fly from the bay area. it's run by all nippon airways from japan. this model has been flying for a year. the faa this morning ordered a comprehensive review of critical systems in this particular model after a fire and fuel leak this week, also some reports of cracked windshields. several flights had to be canceled. this is video from boston' logan airport. cbs aviation analyst chesley sullenberger says it's common to be working out kinks....
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Jan 9, 2013
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boeing, a series of problems with dreamliners. and u.s. equity futures pointing to a positive start to wall street. it's january 9, 2013. "squawk box" begins right now. >>> good morning, everybody. welcome to "squawk box" here on cnbc. i'm becky quick along with joe kernen and andrew sorkin. i can't talk today. shares of alcoa getting a boost after the company's quarterly report. fourth quarter earnings matching expectations. revenue did come in better than the street was expecting. the country's largest aluminum producer says that it is cautiously optimistic that demand for the metal will continue to grow in 2013. among the catalysts, they're looking at strong sales to aerospace and construction customers. alcoa executives are keeping a cautious tone as worries linger about the budget battles in washington. >> you look at the businesses, you actually see that the endowment dow stream businesses are hitting new records profitabilities. another quarter of that and record year. that's great. when you look t upstream where it's basically abou
boeing, a series of problems with dreamliners. and u.s. equity futures pointing to a positive start to wall street. it's january 9, 2013. "squawk box" begins right now. >>> good morning, everybody. welcome to "squawk box" here on cnbc. i'm becky quick along with joe kernen and andrew sorkin. i can't talk today. shares of alcoa getting a boost after the company's quarterly report. fourth quarter earnings matching expectations. revenue did come in better than the...
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Jan 9, 2013
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boeing shares up 2%. it was interesting in yesterday's session, this is what mike pointed out yesterday on fast, and there is a change in sentiment yesterday during the session in the options pits. very, very bearish. and toward the end they were getting bullish on the stock. willing to get in at the lows. that was as it turns out the lows in this sort of week of debacles for boeing. those shares are higher today. >> people are going to give them the benefit of the doubt. airbus has had a lot of problems. these are really hard planes to build. they switched that new composite, went away from aluminum. i come back and just say, once again, if you doubt boeing's prowess, you haven't studied them, from the b-29 and b-17 on, great american company. they'll solve it. in the interim i think people will say -- we haven't seen big cancellations. >> no, we haven't. let's check in with bob pisani on the floor this morning. >> happy wednesday. this is the first day of the week we've had a positive opening. at least
boeing shares up 2%. it was interesting in yesterday's session, this is what mike pointed out yesterday on fast, and there is a change in sentiment yesterday during the session in the options pits. very, very bearish. and toward the end they were getting bullish on the stock. willing to get in at the lows. that was as it turns out the lows in this sort of week of debacles for boeing. those shares are higher today. >> people are going to give them the benefit of the doubt. airbus has had a...
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Jan 9, 2013
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. >>> more turbulence for boeing's dreamliner 787 airplane. tuesday at boston's logan airport, a fuel leak on a 787 forred it to cancel takeoff and return to the gate. one day later, a different plane also at logan caught fire. s it was empty at the time. just this morning, an al nippon flight in japan was canceled because of problems with its brake lines. united airlines, the only american airier to operate the dreamliner said it has ordered inspections of all of its 787s. aviation experts say these are to the serious problems given the high-tech plane but they warned it could still undermine consumer confidence. >>> the government is calling for an urgent review of the nation's arctic offshore drilling practices in the wake of series of missteps involving the shell oil company. this week's grounding of a shell oil rig is just the late northwest a string of blunders and accidents involving the company's ships and support equipment. the 60-day assessment could halt or scale back plans to open alaska's arctic waters to oil exploration. >>> some
. >>> more turbulence for boeing's dreamliner 787 airplane. tuesday at boston's logan airport, a fuel leak on a 787 forred it to cancel takeoff and return to the gate. one day later, a different plane also at logan caught fire. s it was empty at the time. just this morning, an al nippon flight in japan was canceled because of problems with its brake lines. united airlines, the only american airier to operate the dreamliner said it has ordered inspections of all of its 787s. aviation...
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Jan 9, 2013
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boeing's dreamliner running into more problems. the next stop for the 787, san jose. >> plus, months of mysterious signs lead to an interesting discovery under need a woman's house. find out who she was sharing her home with. >> and a reporter taking a hit during her live shot. it's video that will make you gasp, coming up. oh, my! coming up. kup from the u.s. postal service. we'll even drop of if you need them. visit usps.com pay, print and have it picked up for free. any time of year. ♪ ♪ nice sweater. thank you. ♪ ♪ i have never encountered such a burning sensation... until i had the shingles. it was like a red rash. like somebody had set a bag of hot charcoal on my neck. i had no idea it came from chickenpox. it's something you never want to encounter. for more of the inside story visit shinglesinfo.com gag gone wrong for a photographer and t-v reporter >>> it worked in practice. >> oh!! >> oh!! >> i feel for her! this is a gag gone wrong obviously for a photographer and tv reporter during a live shot in minnesota. the
boeing's dreamliner running into more problems. the next stop for the 787, san jose. >> plus, months of mysterious signs lead to an interesting discovery under need a woman's house. find out who she was sharing her home with. >> and a reporter taking a hit during her live shot. it's video that will make you gasp, coming up. oh, my! coming up. kup from the u.s. postal service. we'll even drop of if you need them. visit usps.com pay, print and have it picked up for free. any time of...
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Jan 9, 2013
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a wake-up call for boeing as its dreamliner problems continue. in today's cover story, plugging into the consumer electronics show. what new technologies are turning heads this year. is the housing market setting up for a breakout year? revealing the truth behind anti-virus software. why the protection may still leave you at risk. and, earnings season kicks off. what traders are watching. first business starts now. you're watching first business: financial news, analysis, and today's investment ideas. good morning. it's wednesday, january the 9th. i'm angela miles. in today's first look: alcoa turns a profit. the first dow component to report in the fresh earnings season posted a profit of $242 million despite weak prices for aluminum. the sell-off in the market continues. the major indicies all fell yesterday. telecom stocks were among the biggest losers. gold rallied, while oil flatlined. president obama is expected to soon name his next treasury secretary. white house chief of staff jack lew is said to be high on the list. the irs will accept
a wake-up call for boeing as its dreamliner problems continue. in today's cover story, plugging into the consumer electronics show. what new technologies are turning heads this year. is the housing market setting up for a breakout year? revealing the truth behind anti-virus software. why the protection may still leave you at risk. and, earnings season kicks off. what traders are watching. first business starts now. you're watching first business: financial news, analysis, and today's investment...
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Jan 8, 2013
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has a buy rating on boeing. thanks for being here. >> thanks for having me. >> any of these stories change your feeling on boeing? >> i see a string of potential manufacturing issue, and i think that it's very important for us to look at these issues as two different camps, manufacturing and design. if this is manufacturing hopefully we'll have a quick fix here. this is a plane ramping in production rates. boeing is learning how to produce this plane. if it's a design issue, that's a bigger issue because we'll have to redesign and do longer-term fixes, but boeing is learning how to produce this plane. if they are manufacturing issues, i think we're going to be okay. it's the design part that we would want to be worried about. doesn't change my long-term view of the company which is that it's a company that will generate a lot of cash here over the next several years and 40% of its market cap over the next three years and that money seems like it will be heading back to shareholders through dividends and share re
has a buy rating on boeing. thanks for being here. >> thanks for having me. >> any of these stories change your feeling on boeing? >> i see a string of potential manufacturing issue, and i think that it's very important for us to look at these issues as two different camps, manufacturing and design. if this is manufacturing hopefully we'll have a quick fix here. this is a plane ramping in production rates. boeing is learning how to produce this plane. if it's a design issue,...
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Jan 11, 2013
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lizly -- liz: i flew home on a boeing jet this week, everything was fine. i talked to the biggest names in the future of tech. take a look. >> we've developed some technology that you will be able to take the different camera angles that you have, there's about 17 of them in any one stadium, and if you're in the stands, and you want to watch the replay from a certain angle, you can do that and customize the content. >> does this come from inside intel? >> i hope so. i would think so. that's the board's decision. i'm only one vote, but i think we have a very good stable internal people. >> have you made a recommendation? >> yes, i have. >> i don't have regrets. everything happens for a reason, and i don't know what my future holds, but i know who holds my future, and in that, there's a lot of peace and comfort. >> do you have a lady in your life, and not your mom. >> no, i do not, i'm single. >> once again, you follow what the consumers are doing, and they are moving to wireless. we want to offer wireless voice, video -- >> you're not going to sell it? it's
lizly -- liz: i flew home on a boeing jet this week, everything was fine. i talked to the biggest names in the future of tech. take a look. >> we've developed some technology that you will be able to take the different camera angles that you have, there's about 17 of them in any one stadium, and if you're in the stands, and you want to watch the replay from a certain angle, you can do that and customize the content. >> does this come from inside intel? >> i hope so. i would...
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Jan 11, 2013
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faa is out in full force as well as boeing. listen to what the faa said this morning about the safety of the 787. >> now, from day one, we have worked with boeing to certify the systems and further ensure this innovative aircraft meets the high level of safety for the flying public. we believe this is a safe aircraft. >> all right. he's the other issue. you know, basically, boeing says, look, there have been no more problems than similar to what we had introducing the 777 in the mid-90s, and so why the action in the stock of both sides of the aisle and even the transportation secretary said it's safe. reached out to 17 analysts, and getting feed back from wall street. they don't like the fire issue or the lithium battery issue. fire's scary. the lithium battery creates fires in mobile phones and laptop computers, and but listen to what steven is telling fox business about this issue, though. here's what he says, "we do think a fix is a available" just swap out the battery, a heavier battery rather than the talk about the boeing
faa is out in full force as well as boeing. listen to what the faa said this morning about the safety of the 787. >> now, from day one, we have worked with boeing to certify the systems and further ensure this innovative aircraft meets the high level of safety for the flying public. we believe this is a safe aircraft. >> all right. he's the other issue. you know, basically, boeing says, look, there have been no more problems than similar to what we had introducing the 777 in the...
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Jan 8, 2013
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same issue with boeing 787. they realized when they built this plane, given the technological advances they put in the plane they would have problems along the way. i don't think there's any airlines there that would step back and say, these guys have had problems, i don't think we should fly the plane. bottom line is this. airlines talk to each other. they are talking to boeing constantly. these kinds of checks happen all time. most of the time we do not know about it. that's what's going on as you run an airline. it's just that this is in the news right now, which is why we're hearing about it. >> do we hear as many news headlines about airbus, phil? even if there aren't cancellations, if you're going to choose from boeing and airbus, maybe you go for the airbus, no? >> most of the airlines getting these planes placed orders years ago. they have been talking with boeing steadily since then, talking with other airlines, some of the tarairlines. some of the airlines that received the plane. if this plane wasn't
same issue with boeing 787. they realized when they built this plane, given the technological advances they put in the plane they would have problems along the way. i don't think there's any airlines there that would step back and say, these guys have had problems, i don't think we should fly the plane. bottom line is this. airlines talk to each other. they are talking to boeing constantly. these kinds of checks happen all time. most of the time we do not know about it. that's what's going on...
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Jan 9, 2013
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. >>> like it needs it but another black eye for boeing. the third in three days. our very own phil lebeau has been following this since the beginning and you have the latest for us now. phil? >> we heard from boeing executives an hour and a half ago hearing where things stand for the 787. defending it is a reliable aircraft. as we look at a picture of the ntsb increst gating the batteries, the trace the cause of the fire on monday, boeing today on a conference call defended the use of lithium ion b batteries. boeing says it has 1 million miles flown with those batteries pch they believe it is safe in the future. chief engineer is asked whether he was worried about whether or not the problems with the dream liner will hurt the plane or boeings reputation mp here is what he had to say. >> what impact he the customer serious to me, anything that create downtown on the airplane when the airplane should be flying, serious to me. anything that creates media attention is serious to me as well. so i'm concerned about the things that everybody is concerned about. there's n
. >>> like it needs it but another black eye for boeing. the third in three days. our very own phil lebeau has been following this since the beginning and you have the latest for us now. phil? >> we heard from boeing executives an hour and a half ago hearing where things stand for the 787. defending it is a reliable aircraft. as we look at a picture of the ntsb increst gating the batteries, the trace the cause of the fire on monday, boeing today on a conference call defended the...
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Jan 7, 2013
01/13
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we have a call into boeing. boeing has not responded to our request for more information. i think boeing is still trying to figure out, base odd what they're hearing out of boston from the fire investigators exactly what's going on with the 787 dreamliner. a couple of things to keep in mind, scott. the mass port officials at boston just held a press conference where they said prior to this they've had a few mechanical issues, nothing major, regarding the 787 dreamliners that landed at that airport since they went into service. one other thing to keep in mind, this is the fourth understand or issue involving this 787 dreamliner in the last 34 days. united has had a couple of electrical problems. one where the plane lost some power and had to do an emergency landing in new orleans. another where they grounded the plane for electrical problems. you had the qatar airways 787 that had a similar problem as it was flying into doha and now you have this report of a fire in the belly of a 787 dreamliner, japan airlines dream liner. no passengers, now crew on the plane. guys, the br
we have a call into boeing. boeing has not responded to our request for more information. i think boeing is still trying to figure out, base odd what they're hearing out of boston from the fire investigators exactly what's going on with the 787 dreamliner. a couple of things to keep in mind, scott. the mass port officials at boston just held a press conference where they said prior to this they've had a few mechanical issues, nothing major, regarding the 787 dreamliners that landed at that...
WHUT (Howard University Television)
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Jan 11, 2013
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very serious boeing. over the last week a share price has been hit, not seriously, but down 3%-4%. but it is not a crisis for boeing but it was a serious problem and they'll have to deal with it quickly if it is to keep up the sales, which have been going reasonably well. the airline, it has had good reviews until now. >> ok, jamie, thanks very much for the moment. see you in a little while. now, the duke and duchess of cambridge have been to see the first official portraits of the duchess which is now on show at the national portrait gallery. it was painted by the artist paul emsly after two sittings last year. an art critic is here. he spoke to peter hunt and gave us his analysis on the portrait. >> we're all a bit disappointed to be honest. i know the duchess herself was happy with it, but i thought it was a wasted opportunity. here's this glamorous new princess, we're all intoxicated by her beauty and her youthfulness and her energy, yet in this picture she comes across as rather a ghostly and strange figure with this rather wild hair and directly staring face. so my own view i
very serious boeing. over the last week a share price has been hit, not seriously, but down 3%-4%. but it is not a crisis for boeing but it was a serious problem and they'll have to deal with it quickly if it is to keep up the sales, which have been going reasonably well. the airline, it has had good reviews until now. >> ok, jamie, thanks very much for the moment. see you in a little while. now, the duke and duchess of cambridge have been to see the first official portraits of the...
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boeing may of confident in the dreamliner 787, one expert has some concerns. he worries why it's taking so long to get the root cause of some of these issues, and he's not at all comforted that boeing says the incidents are unrelatedance joins us now along with phil lebeau and myself. hans, what's raising your eyebrows most. tell us where the concern lies. >> well, my biggest concern is that boeing keeps us in a period of speculation because we don't -- we're not finding out what the problems have been. the houston problem goes back now almost a month, about a month. that's a long time, and -- and it's -- the longer this period of speculation lasts, the more it opens the door to people imagining the problem to be bad, and the worst case would, of course, be a catastrophic loss of an aircraft mid-flight on a long haul flight, a loss of life. so the more quickly boeing and all the other suppliers are definitely involved, the more quickly they come up with -- with an explanation of the root cause and also, of course, right along with this, with the credible expla
boeing may of confident in the dreamliner 787, one expert has some concerns. he worries why it's taking so long to get the root cause of some of these issues, and he's not at all comforted that boeing says the incidents are unrelatedance joins us now along with phil lebeau and myself. hans, what's raising your eyebrows most. tell us where the concern lies. >> well, my biggest concern is that boeing keeps us in a period of speculation because we don't -- we're not finding out what the...
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the ntsb and boeing, a technical team from boeing, they're investigating the fire on the dreamliner. it was found in a compartment with batteries, and electrical components. it's not entirely clear at this point exactly what caused the fire. it is believed that it might have been caused by one of the lithium batteries on the dreamliner. that is an issue, because the dreamliner uses lithium im batteries to power onboard electronics. way back in 2007 the faa issued special rules for the use of lithium im batteries because of the concern of flammability risk involving those batteries. this is the fourth dreamliner incident involving its electronics, or losing power, since december 4th. look at this timeline. back on november 4th, united took its first domestic 787 flight, at the time there had been no reports. a month later, a united flight going to niewark to houston, experienced mechanical problems, reporting a loss of power. cutter airways a few days later had to ground one of its 787 jets for what it said was a faulty generator. the 14th of december, united grounded the second of th
the ntsb and boeing, a technical team from boeing, they're investigating the fire on the dreamliner. it was found in a compartment with batteries, and electrical components. it's not entirely clear at this point exactly what caused the fire. it is believed that it might have been caused by one of the lithium batteries on the dreamliner. that is an issue, because the dreamliner uses lithium im batteries to power onboard electronics. way back in 2007 the faa issued special rules for the use of...
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we have not heard back from boeing. but if you take a look at shares, carl, the the stock has been ticking lower ever since this fire serviced about 15 minutes ago. that's the latest regarding this dreamliner fire at boston airport. >> phil, thanks for that. what do the white house, snoop dogg and the economist magazine have in common? they all use sound cloud, a start-up that let's you upload and share sounds of all kinds. that means music, pop casts, even your baby's first words. alex joins us this morning from san francisco. alex, good morning to you. >> good morning. how are you? >> for those who never heard identity, tell us what sound cloud is and what it's not. people hear about a sound tool on the web and they start to get a preconceived notion of what that is. what do you to? >> sure. sure. soundcloud is the world's online audio platform. that means people come to sound cloud to share sounds that they've created. could be any kind of sound. and also people come there to discover and hear all these great sounds
we have not heard back from boeing. but if you take a look at shares, carl, the the stock has been ticking lower ever since this fire serviced about 15 minutes ago. that's the latest regarding this dreamliner fire at boston airport. >> phil, thanks for that. what do the white house, snoop dogg and the economist magazine have in common? they all use sound cloud, a start-up that let's you upload and share sounds of all kinds. that means music, pop casts, even your baby's first words. alex...
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dan springer with more. >> even more bad news for boeing and for people who fly those planes. as we're waiting for an update from the national transportation safety board on where this fire investigation is going, a different 787 had a fuel leak at logan international as it was preparing for takeoff just a short time ago. we're told about 40 gallons leaked. the plane is being towed back to the gate for evaluation. the last word we got is passengers are still on board flight 007 was headed for tokyo. now, yesterday's fire happened after a lithium battery apparently overheated in the rear underbelly of a dreamliner that had just completed a flight from tokyo to boston. all the passengers and crew were off the plane when smoke in the cabin was discovered by a maintenance worker. the battery that caught fire is the one that powers the plane when the engines are off. had it occurred in flight, it could have been disaster. it adds to a list of problems with the boeing dreamliner, a major fire during a 2010 test flight. in december there were three less serious electrical problems, o
dan springer with more. >> even more bad news for boeing and for people who fly those planes. as we're waiting for an update from the national transportation safety board on where this fire investigation is going, a different 787 had a fuel leak at logan international as it was preparing for takeoff just a short time ago. we're told about 40 gallons leaked. the plane is being towed back to the gate for evaluation. the last word we got is passengers are still on board flight 007 was headed...
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lori: boeing 787 dream liner is safe. if boeing stock safe for your portfolio? melissa: if your new year's resolution is to get in shape, this one will hurt. the gym membership, at that price, they better be working out for me. [ laughter ] all right, time for stocks now as we do every 15 minutes. lauren a sibling that he is standing by. stocks struggling today. >> holding this titrating pattern for much of the session. the dow is up seven points. energy is flat. let's take a look at wells fargo. profits hit a record high. that is good. they are not doing as many mortgages. they are the nation's biggest lender. you can see it is down by one and a quarter percent. cheryl: how did last year's drought play out? jeff: it was pretty wild in here today. five of the past six years, this has been a limit move. take a look at what it was. we had, i think, scott shall indeed, a 26-point move. >> we had a pretty big range. jeff: this crop report is definitely a mover. take a look at this. this is the usda world agriculture supply and demand. it is down 13% on the year. acr
lori: boeing 787 dream liner is safe. if boeing stock safe for your portfolio? melissa: if your new year's resolution is to get in shape, this one will hurt. the gym membership, at that price, they better be working out for me. [ laughter ] all right, time for stocks now as we do every 15 minutes. lauren a sibling that he is standing by. stocks struggling today. >> holding this titrating pattern for much of the session. the dow is up seven points. energy is flat. let's take a look at...
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and boeing engineers -- by the way, boeing engineers, this is a willing participation by boeing. it's not as though they're calling boeing into the office. boeing is saying yeah, let's sit down and look at this issue together. as you take a look at shares of the boeing, one thing to keep in mind, this review is likely to take several weeks. so we see the headline risk that's likely to be there for boeing. the press conference happening later this morning may just be the latest mark is what we're going to see over the next several weeks where the dreamliner is going to be back in the news on a fairly steady basis. you have to wonder what kind of an impact that's going to have on shares of boeing. >> did al nippon take more deliveries than any other airline? >> they were the launch customer. so yes, so far they have more than others. i don't think that they have the most orders. i'd go to have back and check this. but you know, it's a gradual process, where -- >> saying al nippon every day. that's the thing. so that's where -- right? >> you love saying al nippon. >> no, i don't min
and boeing engineers -- by the way, boeing engineers, this is a willing participation by boeing. it's not as though they're calling boeing into the office. boeing is saying yeah, let's sit down and look at this issue together. as you take a look at shares of the boeing, one thing to keep in mind, this review is likely to take several weeks. so we see the headline risk that's likely to be there for boeing. the press conference happening later this morning may just be the latest mark is what...
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boeing stock is down a buck and a half on that. now this: snow in jerusalem, lowest temperature there in decades. lowest temperature in china in three decades. however, the u.s. saw its warmest year on record last year and we've got the greenies fired up about a carbon tax against global warming. listen to this. >> in europe and asia right now we are looking at an arc of severe cold. china and korea have a winter like in the early 1950's when the pacific first flipped into its cold cycle got very, very cold in china and korea first. they're having a brutal winter over there. stuart: carol, and kirsten, real fast with this. you heard conflicting opinions here, brutal cold, china, europe, warm in america, here comes the carbon tax, kirsten, you know i'm right. >> i don't think -- well, i don't know that actually it's going to happen. environmental groups are definitely going to put pressure on the president. i don't think a carbon tax for global warming, but. stuart: nice try. >>. [laughter] i think they're going to use this global w
boeing stock is down a buck and a half on that. now this: snow in jerusalem, lowest temperature there in decades. lowest temperature in china in three decades. however, the u.s. saw its warmest year on record last year and we've got the greenies fired up about a carbon tax against global warming. listen to this. >> in europe and asia right now we are looking at an arc of severe cold. china and korea have a winter like in the early 1950's when the pacific first flipped into its cold cycle...
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boeing weighed on the market, pushing shares lower over worries with boeing's new dreamliner 787 plane. first, national transportation safety board officials are investigating an onboard fire on a dreamliner yesterday at logan airport in boston. that fire had carriers inspecting their 787s, and united airlines found improperly installed wiring according to reports. the "wall street journal" reports both issues center around the plane's auxiliary power system. shares fell 2.6% on heavy volume. the company is increasing production of the dreamliner, aiming to boost its delivery of the planes. almost 800 of them have been ordered by air carriers around the world. videogame retailer game stop may want a reset for the past holiday season. the company warned sales at stores open for at least a year fell, forcing the company to cut the top end of its financial forecast for the quarter. traders and investors hit the sell button. shares fell 6.3% on heavy volume. sales dropped for both new and used video games. we have more analysis of game stop's stock chart on our web site, www.nbr.com. under
boeing weighed on the market, pushing shares lower over worries with boeing's new dreamliner 787 plane. first, national transportation safety board officials are investigating an onboard fire on a dreamliner yesterday at logan airport in boston. that fire had carriers inspecting their 787s, and united airlines found improperly installed wiring according to reports. the "wall street journal" reports both issues center around the plane's auxiliary power system. shares fell 2.6% on heavy...
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. >>> it's been a rough week for boeing's newest jet. today a 787 dreamliner flight is canceled for an error message about the plane's brakes. on monday, a japanese airline, a 787, caught fire at boston's logan airport. the fire started in the battery compartment. no one was on board. and then on tuesday, another japanese airliner 787 was canceled, this time because of a fuel leak. >> hey, that japan air may know it, but they've got fuel or something spilling out the outboard left wing there quite a bit. >> sandra endo joins us now from washington. tell us more about these incidents. they're now under investigation, right? >> well, carol, the string of irregularities for boeing's marquee plane, the 787 dreamliner, is certainly a concern for the manufacturer. the plane is the first commercial airliner to be made mostly of carbon composites, or plastic, which means it's a lighter plane that boeing says uses less fuel than conventional airliners. well, boeing says it is working with ntsb investigators, looking into monday's fire on a japan
. >>> it's been a rough week for boeing's newest jet. today a 787 dreamliner flight is canceled for an error message about the plane's brakes. on monday, a japanese airline, a 787, caught fire at boston's logan airport. the fire started in the battery compartment. no one was on board. and then on tuesday, another japanese airliner 787 was canceled, this time because of a fuel leak. >> hey, that japan air may know it, but they've got fuel or something spilling out the outboard...
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in the context of boeing, boeing is just a few dollars, or had been before these problems were revealed this week, off of new highs for the year. and so the context is you take profits here on a strong gainer. >> i was talking to david, who is always skeptical by what i say, i would hope to say antiseptical by monday, i hope -- >> i just have a little stuffy nose. you're running away from me like i'm typhoid mary. i've had my flu shot. >> i've only had one. >> whooping cough is making a big comeback. >> pertussis. >> come here, jim. >> no, we'll pass on that attractive opportunity. what i think is really interesting is japan is rearming. they're ordering rake yon systems. i think germany is going to have to rearm. i don't mean world war ii. we're pulling back. i bet you we take our soldiers out of japan and germany in the next four years. it costs too much money. these countries are buyers of our hardware. >> we should point out this continued dispute between china and japan over the south china sea continues to escalate. to sending fighter jets into near air space. it's certainly somet
in the context of boeing, boeing is just a few dollars, or had been before these problems were revealed this week, off of new highs for the year. and so the context is you take profits here on a strong gainer. >> i was talking to david, who is always skeptical by what i say, i would hope to say antiseptical by monday, i hope -- >> i just have a little stuffy nose. you're running away from me like i'm typhoid mary. i've had my flu shot. >> i've only had one. >> whooping...
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take a look at what happened with boeing shares yesterday once these reports came out. stock took a huge hit. down 2% at the end of the day. and then when you take a look at boeing over the last year, some are going to say listen, it was due for some sort of a pullback and this was just the catalyst behind it, but there's no doubt, andrew, that the ntsb is looking at two things right now, the electrical issues that boeing 787s have been experiencing, and the reports of loss of power not only from united and qatar and then also this fire being in the electrical compartment yesterday. but also the lithium ion batteries. was this fire caused by those batteries? or was it caused by an electrical issue and then that caused the batteries to then have a problem? that's what they're investigating right now. and remember, this is a long haul aircraft that goes over the pacific ocean, the atlantic ocean. that's what it's designed for, to connect midsize cities. it's not like you can say well we need to bring the plane down, we're in the middle of the pacific ocean. that's of part
take a look at what happened with boeing shares yesterday once these reports came out. stock took a huge hit. down 2% at the end of the day. and then when you take a look at boeing over the last year, some are going to say listen, it was due for some sort of a pullback and this was just the catalyst behind it, but there's no doubt, andrew, that the ntsb is looking at two things right now, the electrical issues that boeing 787s have been experiencing, and the reports of loss of power not only...
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and breaking news regarding boeing. they had problems yesterday, of course today's problem with the fuel leak, you can see these problems are taking a toll on shares of boeing, which are dropping, but also the news of united airlines. the same place affair took place in the japan airlines, the airline according to reuters found improperly installed wiring in electrical proponent associated with celery power unit that this is what the "wall street journal" is reporting, this is also coming from reute reuters, but the ntsb according to the "wall street journal" is reporting that the japan airlines boeing 78 787 suffered severe damage. liz claman standing by in las vegas for the latest on 50 cent and the power players. how are you doing? liz: we are doing so well, we're iweare in the south hall right . if you look around, this is the area they do a lot of audio. the big crowds everywhere, all different kinds of companies, some very well-known, all day long we are absolutely going to be bringing you the guests, the real ent
and breaking news regarding boeing. they had problems yesterday, of course today's problem with the fuel leak, you can see these problems are taking a toll on shares of boeing, which are dropping, but also the news of united airlines. the same place affair took place in the japan airlines, the airline according to reuters found improperly installed wiring in electrical proponent associated with celery power unit that this is what the "wall street journal" is reporting, this is also...
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and we are later going to discuss what's going on with boeing's dreamliner flights. just now, japan's all nippon airways has canceled a domestic flight due to brake problems on a boeing 787. comes amid a spate of similar reports. we'll have more detail and explore the story further in the next hour. >> we don't know whether that means they couldn't take the brakes off or put them on. >> we need more detail. and despite recent mishaps, japanese carriers appear to be standing by boeing at least for now. japan airlines says it has no plans to drop orders for the 787 dreamliner jets. it ordered a total of 45 aircraft including seven in operation. all nippon airways which placed orders for 66 dreamliner jets also says -- it has said it's sticking with its purchase. >>> staying with japan, the bank of japan is reportedly considering further monetary easing this month. according to reuters' sources, we might see the bank doubling its inflation target to 2%. there's been speculation for months. in your view, is it going to happen? and almost more importantly at this point, g
and we are later going to discuss what's going on with boeing's dreamliner flights. just now, japan's all nippon airways has canceled a domestic flight due to brake problems on a boeing 787. comes amid a spate of similar reports. we'll have more detail and explore the story further in the next hour. >> we don't know whether that means they couldn't take the brakes off or put them on. >> we need more detail. and despite recent mishaps, japanese carriers appear to be standing by...
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that was easy. >>> we have more breaking news now on boeing. let's send it back to our phil lebeau in chicago. phil? >> reporter: first comment in chicago regarding yesterday's dreamliner accident. officials saying the source of the fire traced to the battery to start the auxiliary power unit that gives the plane power while parked on the ground. the company is saying nothing that they have seen in this case so far in the investigation indicates a relationship to any previous 787 power system events. all of the electrical power problems that we've been reporting w.finally the company says we'll give our technical teams the time they need to go and do a thorough job and ensure we're dealing with facts, not speculation, so the bottom line is this, guys. increasingly the focus is on the battery and the connection with the auction you willy power unit on the dreamliners as they continue investigating yesterday's fire. back to you. >> thank you so. last week's rally seems oh, so long ago. the market retreating for a second day in a row as wall stree
that was easy. >>> we have more breaking news now on boeing. let's send it back to our phil lebeau in chicago. phil? >> reporter: first comment in chicago regarding yesterday's dreamliner accident. officials saying the source of the fire traced to the battery to start the auxiliary power unit that gives the plane power while parked on the ground. the company is saying nothing that they have seen in this case so far in the investigation indicates a relationship to any previous 787...
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let's take a look at boeing here. boeing is up 3.1%. boeing looking good here. though despite the fact that it had a third incident in three days, but oppenheimer is saying shares should be bought on weakness. remember the last couple of days it was down about 5%. still down for the week, but popping today. they've had three incidents in three days. today over in japan an incident with brakes. yesterday a fuel leak. and the day before that an electrical fire. talking about the 787 dreamliner. oppenheimer saying buy on the weakness. as far as major market averages, the dow jones industrials up about 82 points right now. led by boeing, hewlett-packard, united technologies and also united healthcare. those are some of the best performers on the dow today. retail, banks, all looking good. back to you. dagen: thank you. connell: a strange legal battle in texas with this teenager battling her high school over a policy for students to display id card that has a micro chip embedded it. she alleges the chips violated her religious beliefs. dagen: fox news senior judicial
let's take a look at boeing here. boeing is up 3.1%. boeing looking good here. though despite the fact that it had a third incident in three days, but oppenheimer is saying shares should be bought on weakness. remember the last couple of days it was down about 5%. still down for the week, but popping today. they've had three incidents in three days. today over in japan an incident with brakes. yesterday a fuel leak. and the day before that an electrical fire. talking about the 787 dreamliner....
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let's get to michelle caruso-cabrera who has breaking news on boeing. >> boeing says anticipated u.s. defense budget cuts likely will mean less demand for a variety of boeing products. you don't see a big move in stocks after hours. maybe this was not unanticipated, considering we know what's going to happen with the sequester. a lot of pressure on defense spending regardless of how the outcome is going to be. once again reuters says anticipated u.s. defense cuts will likely mean less demand for a variety of boeing products. >> thanks very much. up next, friday morning movers. next is your money on the line? don't miss it. stay with us. [ male announcer ] staples is the number-one office superstore ink retailer in america. . . for every ink cartridge you recycle when you spend $50 on hp ink. staples. that was easy. >>> welcome back. 30 seconds on the clock now. each of our next guests will tell you what to be prepared for for tomorrow. joining me now, eric marshall along with simir samana and michael james. good to see you, gentlemen. thank you for joining us. eric, we kick things off
let's get to michelle caruso-cabrera who has breaking news on boeing. >> boeing says anticipated u.s. defense budget cuts likely will mean less demand for a variety of boeing products. you don't see a big move in stocks after hours. maybe this was not unanticipated, considering we know what's going to happen with the sequester. a lot of pressure on defense spending regardless of how the outcome is going to be. once again reuters says anticipated u.s. defense cuts will likely mean less...
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. >>> now, to the fire that broke out on a boeing dreamliner at logan international airport in boston, right after passengers got off that jet. the japan airlines 787 was parked at the gate. no one was injured. but the fire was the latest in a string of incidents for the high-tech new jetliner. abc's jim avila is in washington with the latest. jim, good morning. >> reporter: good morning, amy. few things are as frightening as smoke on an airplane. but fortunately, in this case, the only real damage was done to the reputation of boeing's new dreamliner airplane. firefighters at boston's logan field, dousing smoke on the plane of the future, boeing's 787 dreamliner. a plane made mostly of carbon fiber, a fancy name for plastic, just a half-hour after an incident-free landing. >> passengers were deplaned normally through the jet bridge process. >> reporter: but minutes later, a mechanic working in the cockpit of the jal jet was confronted by smoke from the electrical system in the belly of the plane. >> we observed a heavy smoke condition in the entire cabin. >> reporter: this is the lat
. >>> now, to the fire that broke out on a boeing dreamliner at logan international airport in boston, right after passengers got off that jet. the japan airlines 787 was parked at the gate. no one was injured. but the fire was the latest in a string of incidents for the high-tech new jetliner. abc's jim avila is in washington with the latest. jim, good morning. >> reporter: good morning, amy. few things are as frightening as smoke on an airplane. but fortunately, in this case,...
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. >>> listen, news i want to bring you about boeing's new aircraft. it's got another problem. it's one of its 787 jets, dreamliner, looking at it here, caught fire and just moments ago, another boeing 787 flight has been canceled due to few leak at boston's logan airport. two planes, this one was japan-bound, about to take off. live pictures now. that plane being towed back after a fuel leak. you see the fire trucks behind it. we'll be looking into the story more closely. it's safety is being called into question. i have a cold, and i took nyquil, but i'm still stubbed up. [ male announcer ] truth is, nyquil doesn't unstuff your nose. what? [ male announcer ] alka-seltzer plus liquid gels speeds relief to your worst cold symptoms plus has a decongestant for your stuffy nose. thanks. that's the cold truth! stop! stop! stop! come back here! humans -- we are beautifully imperfect creatures living in an imperfect world. that's why liberty mutual insurance has your back with great ideas like our optional better car replacement. if your car is totaled, we give you the money to buy o
. >>> listen, news i want to bring you about boeing's new aircraft. it's got another problem. it's one of its 787 jets, dreamliner, looking at it here, caught fire and just moments ago, another boeing 787 flight has been canceled due to few leak at boston's logan airport. two planes, this one was japan-bound, about to take off. live pictures now. that plane being towed back after a fuel leak. you see the fire trucks behind it. we'll be looking into the story more closely. it's safety...
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michael boyd is here to talk about boeing's big moneymaker. connell: the president on the hunt, maybe, for a few good women for his cabinet. we will be talking to charlie rangel about that. 1.9% on the ten year. the logo this is $100,000. we asked total strangers to watch it for us. thank you so much. i appreciate it. i'll be right back. they didn't take a dime. how much in fees does your bank take to watch your money? if your bank takes more money than a stranger, you need an ally. ally bank. your money needs an ally. ♪ >> here is your fox business brief. jobless claims unexpectedly rose last week. claims tend to be vulnerable around this time of year because of holidays and seasonal layoffs. joining forces on developing a next generation pickup truck. they have signed a memorandum of understanding to start negotiations. at one point, general motors held a 49% stake in the zoo zoo. the same survey also shows potential employees are making outrageous mistakes. 62% of employers are appearing interested. that is the number one turn off. that i
michael boyd is here to talk about boeing's big moneymaker. connell: the president on the hunt, maybe, for a few good women for his cabinet. we will be talking to charlie rangel about that. 1.9% on the ten year. the logo this is $100,000. we asked total strangers to watch it for us. thank you so much. i appreciate it. i'll be right back. they didn't take a dime. how much in fees does your bank take to watch your money? if your bank takes more money than a stranger, you need an ally. ally bank....
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. >> pop here for boeing, up 3%. guy? >> due coast to mike and keith last night talking about exactly this. buying boeing. that proved to be spot-on. i still like the defense names, lockheed martin had a big name today. boeing, you know there's going to be more negative headlines at some point. be careful here. lmt is my favorite in the space. >> fdo, josh. >> the way you want to look at this, money flows are going away from the discount retailers for the time being. they tend to be looking toward the luxury names to participate in what we can only call a better consumer type of scenario. maybe avoid this one. look for something more exciting. >> pop for seagate. >> $3.6 billion, that beats the estimate from the street and their previous forecast of 3.5 by about 3%. they also said their gross margins were above 27%, which is where they had been guiding previously and i think this kind of demonstrates when you have stocks that are this cheap, what kind of upside right now. >> and we have a drop for lookalikes. call it a cl
. >> pop here for boeing, up 3%. guy? >> due coast to mike and keith last night talking about exactly this. buying boeing. that proved to be spot-on. i still like the defense names, lockheed martin had a big name today. boeing, you know there's going to be more negative headlines at some point. be careful here. lmt is my favorite in the space. >> fdo, josh. >> the way you want to look at this, money flows are going away from the discount retailers for the time being....
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. >>> a troubling week for boeing after problems surface in several of its 787 dreamliner planes. little bit later on in this hour, the faa will announce an investigation. >>> 13 minutes past the hour. the man accused of killing 12 people inside a colorado theater last summer could enter a plea this morning at his scheduleed arainment. colorado judge ruled there is enough evidence for james holmes to stand trial on all 166 counts including first-degree murder. >>> planned parenthood in texas heads to court today, the group wants a federal judge to allow it to be part of the state's revamped women's health program under a new state law texas noening loer funds women's health clinics affiliated with abortion. that state law disqualifies texas from getting federal money for women's health and since federal money makes up a huge chunk of planned parenthood's budget the law effectively shuts down all the group's work in the state. >>> ford says it's adding 2,200 white collar jobs in the united states this year, that's the automaker's biggest hiring in a decade. spokesman says a signifi
. >>> a troubling week for boeing after problems surface in several of its 787 dreamliner planes. little bit later on in this hour, the faa will announce an investigation. >>> 13 minutes past the hour. the man accused of killing 12 people inside a colorado theater last summer could enter a plea this morning at his scheduleed arainment. colorado judge ruled there is enough evidence for james holmes to stand trial on all 166 counts including first-degree murder. >>>...
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now, maybe neither boeing or united technology is your thing. don't forget, dave cote's honeywell, my reservation, the stock has been a rocket ship. and i feel like without a real pullback you will have top ticked this screaming monster. my second theme tonight, yeah, i'm going all in with china. we learned that china's turning on the jets here. claus who has been to china many times knows his markets and political science has told us china was way too restrictive in the monetary policy, that somehow the communist party got caught up on worrying about inflation, not worrying about growth. come on, malice, be like mal for heaven sake. i think they're still going with the techs, though. that's over. klaus is confident that when the dpovt unveils the plan for growth in february, they're going to dazzle, from a disappointing 8% to a stunning 11%. there's plenty to like if china gets ho the t in here and takin all its clothes, that's ray lewis. the chinese are addicted to coal. and we know electric uses have gotten stronger and stronger as the year's
now, maybe neither boeing or united technology is your thing. don't forget, dave cote's honeywell, my reservation, the stock has been a rocket ship. and i feel like without a real pullback you will have top ticked this screaming monster. my second theme tonight, yeah, i'm going all in with china. we learned that china's turning on the jets here. claus who has been to china many times knows his markets and political science has told us china was way too restrictive in the monetary policy, that...